India regulator pulls plug on ACA PE’s Repco Home deal
The Securities and Exchange Board of India (SEBI) has vetoed ACA Private Equity Trust’s proposed investment into Repco Home Finance because it contravenes the country’s venture capital regulations.
ACA wanted to acquire a minority stake in the housing loan firm, a unit of the government-owned Repatriates Co-operative Finance and Development Bank (Repco Bank), through its Ascent India Fund, according...
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